XPS Pensions Group
DB pension transfer values suffer 4% drop
While 92% of cases raised at least one scam warning flag in February
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DB transfer values stable after 37% slump last year
93% of cases raised at least one scam warning flag in January
DB transfer values plummet 37% in a year
2022 also saw a large rise in transfers being flagged as showing potential signs of a scam
Pension transfer activity highest since 2020
After it reached a record low in October 2022